Overview Of CoinZoom
CoinZoom Is A Virtual Currency Exchange Platform Founded In 2017. The Company Is Registered In The United States And Has Regulatory Licenses In Various States. The Company Offers A Variety Of Cryptocurrencies For Trading, Including Bitcoin, Ethereum, Chainlink, Litecoin, And Others.
Pros And Cons
Pros:
Types Of Services: CoinZoom Offers A Wide Range Of Services, Such As CoinZoom Commerce For Processing Payments, ZoomMe For Peer-to-peer Transfers, And Crypto Visa Cards, Which Provide Customers With Diverse Cryptocurrency Trading Options.
Security Measures: CoinZoom Takes Security Very Seriously, Employing Multi-factor Authentication, Cold Storage, And Insurance For Stored Assets.
Regulatory Compliance: It Has Been Registered And Regulated With Multiple US Agencies, Which Adds To Its Credibility And Reliability.
Wide Selection: CoinZoom Offers A Variety Of Popular Cryptocurrencies, Allowing Users To Diversify Their Portfolios.
Disadvantages:
Fees: One Disadvantage May Be The Fees Involved In Certain Operations. For Example, Fees Charged In Transactions, As Well As A 5% Fee On CoinZoom Cash Deposits, There Are Certain Costs Involved In Withdrawals.
Regulatory Agencies
CoinZoom Operates Under The Supervision Of Various Regulatory Agencies. Agencies That Regulate CoinZoom Include The National Multi-State Licensing System (NMLS), The Washington State Department Of Financial Institutions Group (DFI), The Financial Crimes Enforcement Network (FinCEN), And The Bermuda Monetary Authority (BMA).
CoinZoom Has Regulatory Number 1735216 In The NMLS And Is Designated As A Regulated Platform. In The NMLS, CoinZoom's License Type Is The MTL License Under The License Name CoinZoom Inc.
CoinZoom Takes The Security Of Its Users' Assets Very Seriously, Safeguarded By Providing Strong Multi-layered Security Protection.
It Features Multi-factor Authentication, An Important Measure That Requires Users To Provide Multiple Verifications Before Accessing Their Accounts, Thus Increasing The Security Of Their Accounts.
A Portion Of The User's Assets Are Held In Cold Storage Managed By An Institutional Qualified Custodian, Further Enhancing Security.
The Insurance Taken By Their Qualified Custodian Provides An Additional Layer Of Protection, Safeguarding Assets Up To $100 Million.
The Use Of Multi-signature Wallets Adds Security Measures, As Transactions Require Multiple Approvals.
Additionally, The Platform Allows Control Of Account-level Security And Sends Notifications To Users, Making Account Management More Transparent And Secure.
On CoinZoom, Users Can Trade 29 Popular Cryptocurrencies. Some Of These Available Cryptocurrencies Include Bitcoin, Ethereum, Chainlink, Litecoin, And Many More. The Availability Of These Cryptocurrencies Enables Users To Diversify Their Virtual Currency Holdings And Profit From Market Price Fluctuations.
Cryptocurrency Price Fluctuations On Exchanges Are Common And Can Be Influenced By A Variety Of Factors Such As Market Demand, Investor Sentiment, And Regulatory Developments. Users Need To Keep A Close Eye On These Price Fluctuations And Make Informed Trading Decisions.
Services
In Addition To Its Core Cryptocurrency Trading, CoinZoom Offers A Range Of Value-added Services Designed To Enhance The User Experience And Financial Flexibility.
The Platform Offers A Proprietary Service, ZoomMe, A Free And Instant Money Transfer Solution That Enables Users To Send And Receive Funds Worldwide At Any Time. No Matter How Far Away - Whether In The Same Room Or On The Other Side Of The World, The Content You Send Will Be Accurately Delivered To The Recipient, Directly Improving The Efficiency Of Transfers.
